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© Cegedim 2017
© Cegedim 2017
AGENDA
SAFE HARBOR STATEMENT----------This presentation contains forward-looking statements (made pursuantto the safe harbour provisions of thePrivate Securities Litigation ReformAct of 1995). By their nature, forward-looking statements involve risk anduncertainty. Forward-lookingstatements represent the company'sjudgment regarding future events,and are based on currently availableinformation. Consequently thecompany cannot guarantee theiraccuracy and their completeness,and actual results may differmaterially from those the companyanticipated due to a number ofuncertainties, many of which thecompany is not aware of. Foradditional information concerningthese and other important factorsthat may cause the company'sactual results to differ materially fromexpectations and underlyingassumptions, please refer to thereports filed by the company with the‘Autorité des Marchés Financiers’.----------
Cegedim StrategyUpdate
01
02 Financial PerformanceQ1-2017 Revenue
03 FY 2017 OutlookConfirmed
Cegedim Strategy: Update
Our Playbook
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Our Playbook
Planning
│6│
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4 Growth
Engines
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Cegedim’s
Transformation
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We have a clear vision for our future
and are strongly positioned in key
global market
Our playbook is underway and
starting to deliver benefits
2017 is a turning point: sustainable
future growth in revenue and
earnings
Financial Performance
Q1-2017 Revenue
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The business model
transformation
initiated in fall 2015 is
beginning to pay off
with accelerationQ1 2016 Q1 2017
+4.8%
+6.9%Group
€113.7m
+7.1% reported
+6.9% L-f-L
Q1-2017
RevenueAll of the division’s
activities contributed
to the growth
Q1 2016 Q1 2017
+8.7%
+12.5%Health Insurance, HR
& e-services
€68.6m
+14.9% reported
+12.5% L-f-L
The positive impact
of the business
model
transformation is
expected to start in
Q4 2017
Q1 2016 Q1 2017
+0.5%
(0.9)%
Healthcare
Professionals
€44.0m
(3,6)% reported
(0.9)% L-f-L
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Cegedi
m 2017
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© Cegedim 2017
Revenue growth by division
Q1-16 Q1-17
+14.9%
€106.2m
(3.6)%€113.7mn.s.
He
alth
In
sura
nc
e , H
R
& e
-se
rvic
es
He
alth
ca
re
pro
fess
ion
als
Ac
tiv
itie
s n
ot
allo
ca
ted
Revenue growth
Q1 16 L-f-L Forex Structure Q1 17
+6.9%€106.2m
(1.3)% €113.7m1.5%
+7.1% reported
Q1-2017
Revenue
Focus on
Organic
Growth
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Q1 16 Q2 16 Q3 16 Q4 16 … FY 16 Q1 17
+8.7%+10.3% +11.5%
+12.5%+9.5%
+13.0%
Health Insurance, HR & e-services Revenue
Q1 16 Q2 16 Q3 16 Q4 16 … FY 16 Q1 17
+0.5% (6.3)% (0.7)% (2.7)% (0.9)%(4.2)%
Healthcare Professionals Revenue
Q1 16 Q2 16 Q3 16 Q4 16 … FY 16 Q1 17
+4.8% +4.9% +5.2%
+6.9%
Group Revenue
+2.4%
+5.4%
Well Diversified
revenue source
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Q1 15 Q1 16 Q1 17
RCM Pulse
SRH BPO
iGestion
€4.6m
€7.9m
€6.0m
BPO Revenue Trend
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Jun.15 Dec. 15 Jun. 16 Dec. 16 Mar. 17
3,893
+287
4,070
3,726 +177+68
+167
4,138
3,439
Workforce on long term contract
BPO
DevelopmentNet hiring
+32%
+32%
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© Cegedim 2017
• All of the division’s activities contributed to the growth
• Double-digit growth at BPO business for health
insurance companies (iGestion)
• Robust growth in the third-party flow management
activity
• Slight growth in software and services devoted to
health insurance companies despite the impact of
transitioning to SaaS
• Double-digit growth at Cegedim e-business and
Cegedim SRH
60.3%
Revenue growth
Q1-16 L-f-L Forex Structure Q1-17
€59.7m
+12.5%(0.1)%
€68.6m+2.6%
Revenue breakdown by geography
France
96.9%
EMEAexc. France
3.1%
Comments
% of Q1-17 Consolidated revenue
+14.9% reported
Health
Insurance, HR
& e-services
Revenue
│16│
© Cegedim 2017
• Decline in Q1-17 revenue was chiefly attributable to:
• Transition to cloud-based offerings
• Decline in doctor computerization revenues in the UK as the first product in SaaS format was released only
in January 2017
• French pharmacists : order book grew
• Clear decline at Pulse in the US, owing to the
reorganization that began in July 2016
• These performances were partially offset by:
• Double-digit growth in products and services designed for physical therapists and nurses in France
• Double-digit growth at Cegelease
Revenue growth
Q1-16 L-f-L Forex Structure Q1-17
€45.7m (0.9)%(2.7)%
€44.0m0.0%
Revenue breakdown by geography
France
60.8%EMEAexc. France
30.2%
Americas
9.0%
Comments
38.7%
% of Q1-17 Consolidated revenue
(3.6)% reported
Healthcare
Professionals
Revenue
FY 2017 Outlook
Confirmed
Potential
impact of
Brexit
© Cegedim 2017© Cegedim 2017
• Cegedim operates in the UK in local currency, as it does
in all the countries where it operates.
• No major European health program at work in the UK.
12.7% Of consolidated
Group revenue
14.8%Of consolidated
Group EBIT
In 2016, the UK represented
Thus, the impact on the consolidated Group
EBIT margin should be marginal
2017
Outlook
Maintained
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• The business model transformation is well under way, so growth
momentum is expected to pick up in Q4 2017 and lead to
improving profitability in the future
• We expect to see the full impact of the Business model
transformation in 2018
• The Group does not anticipate significant acquisition in 2017
€66m to €72m
These projections are publicly disclosed on April 27, 2017. The fact that Cegedim include these
projections in this presentation should not be taken to mean that these projections continue to
be our projections as of any subsequent date. Please refer to point 3.7 “Outlook” in our 2016
Registration Document.
+4% / +6%FY 2017 Revenue
L-f-l growthAs of April 27, 2017
FY 2017 EBITDAAs of April 27, 2017
Q&A Session
Appendix
Cegedim
Today:
Our Clients
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• Software
• Database
• Services
• Supply chain
• Digital media
• Software
• Database
• Services
• BPO
• Software
• Database
• Services
• Software
• Services
• BPO
• Third-party payment
• Supply chain
• Data
• Supply chain
• Digital Media
•Payroll
• BPO
• TAM
• Dematerialization
• Invoices
• Digitization
• Electronic signature
• Archiving
• EDI
• Payment management
Proportional to FY 2016 Revenue
83%of FY 2016 revenue
17%of FY 2016 revenue
Cegedim
Today:
Our division
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Proportional to FY 2016 Revenue
€4.0m adjustment to the Healthcare Professionals EBITDA(1)
Cegedim
Today:
Our Presence
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Cegedim
Today:
Our Strengths
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Leading market positions
in each of our divisions
High barriers to entry
Recognized portfolio of
innovative and integrated
solutions
Long-standing shareholder
support and experienced
management
Unique presence
in the Healthcare Ecosystem
Stable, well-balanced
and diversified revenue mix
Cegedim
Today:
Our Positions
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Cegedim Insurance Solutions Cegedim SRH
Cegedim e-business Cegedim Healthcare Software
Software and ITIn France
Third-Party Paymentin France
In France +350,000 employees
managed everyday
EuropeanNetwork
UK PharmacistsFrench, Italian
& Spanish Physicians
French PharmacistsUK Physicians
+350 million Electronic Documents
exchanged per year
Shareholder
Structure as
of Mar. 2017
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Source: IPREO Data on Sept. 26, 2016
FCB
52.7%
BPI
15.0%
Free float
32.2%
France
34%
UK
33%
USA
29%
Others
4%
Cegedim 0.2%
© Cegedim 2017
EVENTS 2017
15June
Shareholders'
meeting
27July
Q2-17 Revenue
21September
HY-17 Earnings
22September
Analyst
Meeting
26October
Q3-17 Revenue
--
-
Jan Eryk Umiastowski
Chief Investment Officer – Head of Investor Relations
Tel: 00 33 1 49 09 33 36 – Mob: 00 33 6 73 25 96 34
© Cegedim 2017
